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BILLS OF EXCHANGE ACT 1882 - SECT 83

83.(1) A promissory note is an unconditional promise in writing made by one
person to another signed by the maker, engaging to pay, on demand or at a
fixed or determinable future time, a sum certain in money, to, or to the order
of, a specified person or to bearer.

(2) An instrument in the form of a note payable to maker's order is not a note
within the meaning of this section unless and until it is indorsed by the
maker.

(3) A note is not invalid by reason only that it contains also a pledge of
collateral security with authority to sell or dispose thereof.

(4) A note which is, or on the face of it purports to be, both made and
payable within the British Islands is an inland note. Any other note is a
foreign note.

© 1882 Crown Copyright

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